Deeply understanding a country and translating it into a business strategy is the biggest challenge and core mission for any company trying to make inroads into a new market. For Mirae Asset Securities to hold the largest share in the Indonesian capital market, the brokerage firm took a unique approach to investors publishing a cartoon-based market research paper and hosting a mock stock trading contest for millen.
PT Bank DKI, one of Indonesia’s biggest regional development banks, is considering an initial public offering in Jakarta that could raise US$150 million to US$200 million, according to people familiar with the matter.